... shareholders to vote on whether the club should repay a £5 million loan handed to them by Ashley’s Sports Direct firm.
The billionaire tycoon – through Sports Direct’s parent company MASH Ltd – has also demanded answers on the club’s delisting from the AIM stock exchange and wants to know the precise terms of a separate £1.5m loan issued by director Douglas Park and wealthy fans George Letham and George Taylor.
Ashley – who owns just under 9 per cent of the Glasgow giants – gave the £5m loan to the previous Ibrox board in January as the club found itself sinking towards another financial black hole.
But in doing so he also took security over club assets such as the Murray Park training ground and Rangers’ famous trademarks.
He has also seized a further 26 per cent share of the club’s retail division, putting him in control of three-quarters of the profits it generated.